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transparency.

The year of 2024 was remarkable for Sunly.
Here are some of the highlights.
217 GWhOf green electricity produced
334 MWOperation portfolio
493 MWUnder construction
8.2 GWGrid conditions obtained

Newly operational
projects.

Raba 45 MW solar project
The Raba 45 MW solar project started operating in Estonia.
52 MW solar portfolio in Latvia
Six parks in Latvia started operating, with a combined capacity of 52 MW.

Asset construction.

Risti 244 MW solar park in Estonia
Construction began on the Risti 244 MW solar park in Estonia.
225 MW solar portfolio in Latvia
Construction began on three large solar park projects in Latvia, with a combined capacity of 225 MW.

Development.

16 GW
Total portfolio.
8 GW
Risk-weighted portfolio.

Funding.

EUR 71m project financing secured
EUR 71m project financing secured from mBank.
EUR 300m Holdco financing raised
EUR 300m Holdco financing raised from Rivage Investments, Copenhagen Infrastructure Partners (CIP) and Kommunal Landspensjonskasse (KLP) through funds managed by CIP, including the refinancing of a EUR 14m bond from LHV.
EUR 60m equity financing raised
EUR 60m equity financing raised from current shareholders, including the largest investors – EBRD, Mirova and Vardar.
Electricity packages
Electricity packages
About Sunly
About Sunly
Our projects
Our projects